JAKKS Pacific (NASDAQ:JAKK) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of JAKKS Pacific (NASDAQ:JAKK) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

A number of other analysts also recently commented on JAKK. Zacks Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, JAKKS Pacific currently has an average rating of “Hold”.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK opened at $25.70 on Friday. The stock has a market cap of $294.01 million, a P/E ratio of 18.49 and a beta of 1.41. The firm’s 50-day simple moving average is $23.82 and its 200 day simple moving average is $21.83. JAKKS Pacific has a fifty-two week low of $14.86 and a fifty-two week high of $27.22.

JAKKS Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 28th. JAKKS Pacific’s payout ratio is presently 71.94%.

Institutional Investors Weigh In On JAKKS Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in shares of JAKKS Pacific during the 4th quarter valued at about $32,000. Royal Bank of Canada raised its holdings in shares of JAKKS Pacific by 543.6% in the 1st quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock worth $41,000 after purchasing an additional 1,745 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in JAKKS Pacific during the third quarter valued at approximately $46,000. Quarry LP acquired a new stake in JAKKS Pacific during the third quarter valued at approximately $51,000. Finally, BNP Paribas Financial Markets boosted its holdings in JAKKS Pacific by 155.8% during the second quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock worth $64,000 after buying an additional 1,871 shares in the last quarter. 44.38% of the stock is owned by institutional investors and hedge funds.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.